News / Europe

Vatican Hires Two More Outside Firms to Help With Finances

FILE - An exterior view of the tower of the Institute for Works of Religion (IOR) in Vatican City, Italy.
FILE - An exterior view of the tower of the Institute for Works of Religion (IOR) in Vatican City, Italy.
Reuters
The Vatican has hired two big international consulting firms to improve financial accounting procedures and streamline media operations, its latest bid to clean up often murky finances and improve efficiency by cutting through red tape.
 
Pope Francis has already set up three commissions to advise him on what to do with the troubled Vatican bank, how to reform the administration and to address sexual abuse of children, a scandal that tainted his predecessor Benedict XVI's incumbency.
 
The Vatican said on Thursday it had hired KPMG, which provides audit, tax and advisory services to companies, to “align the accounting procedures of all departments of the Holy See to meet international standards.”
 
Four major outside business consulting or auditing companies have now been hired by the Vatican, which in the past mostly policed itself, a practice which led to a series of scandals.
 
KPMG won the bid for the contract, awarded by an international commission of seven lay experts formed by the pope in July to help him overhaul the Holy See and move on from the damaging mistakes under Benedict.
 
The commission is tasked with drafting reforms of the Holy See's institutions to simplify how they work, improve the management of finances and improve transparency in the purchasing of good and services.
 
Private documents leaked to Italian media last year by Benedict's butler alleged corruption in the Vatican, with contracts given at inflated prices to Italian companies with connections in the Vatican.
 
A separate, five-member commission is advising the pope on what to do with the Vatican bank, which has been embroiled in series of scandals in past decades. Francis has not ruled out closing the bank altogether if it cannot be reformed.

Dysfunctional communications
 
The Vatican also said international management consultancy company McKinsey had been hired to come up with a plan to make its communications “more functional, efficient and modern.”
 
The Vatican has six distinct communications departments - a press office, television, radio, newspaper, an internet office and a communications council, which exercises an academic and policy-making role.
 
They have been known to not communicate or cooperate with each other and sometimes have appeared to be in competition. In the past, one department has published important information without telling the others.
 
The Vatican newspaper, L'Osservatore Romano, is 150 years old, and its editor is trying to modernize it to help shed its drab and staid image.
 
Vatican Radio, which broadcasts in 40 languages, takes up a big chunk of the Vatican's budget and some officials have questioned whether such a big structure is necessary in the Internet age.
 
Some of the languages the radio uses are holdovers from the period when it, like Radio Free Europe, was one of the few sources of independent information in the communist East bloc.
 
The Promontory Financial Group and Ernst and Young are already looking into other Vatican departments.

You May Like

Jihadist Assassin says Goal of Tunisia Murders Was Chaos

Abu Muqatil at-Tunusi’s remarks in a propaganda interview also cast light on attack on Bardo Museum More

Russia Denies License to Tatar-Language TV Station in Crimea

OSCE official says denial shows 'politically selective censorship of free and independent voices in Crimea is continuing' More

Kenyan Startups Tackle Expensive Remittances Through Bitcoin

Some think services could give Western Union a run for its money, though others say it’s still got a long way to go More

This forum has been closed.
Comment Sorting
Comments
     
by: Observing from: World
December 25, 2013 12:53 PM
It would be a big mistake to remove broadcasting languages from Vatican radio. In fact, they should increase the languages if the church hopes to have any chance of reaching the hearts and minds of people. Otherwise other religious groups will fill the space, be they Christian or non-Christian denominations. While the radio operations can surely be streamlined in the internet age, it would be an enormous mistake to reduce languages.

by: Dorean from: USA
December 19, 2013 11:06 AM
Finances...?? i thought the Pontiff is a Marxist... what finances??? I thought the Church lives on love... little boy's love...

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
For Obama, It's More Business Than Friendships With World Leadersi
X
Aru Pande
April 01, 2015 9:09 PM
The rift between President Barack Obama and Israeli Prime Minister Benjamin Netanyahu has put a spotlight on the importance of the American leader’s personal relationships with other world leaders and what role such friendships play in foreign policy. VOA's Aru Pande reports.
Video

Video For Obama, It's More Business Than Friendships With World Leaders

The rift between President Barack Obama and Israeli Prime Minister Benjamin Netanyahu has put a spotlight on the importance of the American leader’s personal relationships with other world leaders and what role such friendships play in foreign policy. VOA's Aru Pande reports.
Video

Video Buhari: Nigeria Has ‘Embraced Democracy’

Nigeria woke up to a new president-elect Wednesday, Muhammadu Buhari. But people say democracy is the real winner as the country embarks on its first peaceful handover of power since the end of military rule in 1999. VOA’s Anne Look reports from Abuja.
Video

Video Tiny Camera Sees Inside Blood Vessels

Ahead of any surgical procedure, doctors try to learn as much as possible about the state of the organs they plan to operate on. A new camera developed in the Netherlands can now make that easier - giving surgeons an incredibly detailed look inside blood vessels, all the way to the patient’s heart. VOA’s George Putic has more.
Video

Video Latin American Groups Seek Fans at Texas Music Festival

Latin American music groups played all over Austin, Texas, during the recent South by Southwest festival, and some made fans out of locals as well as people from around the world who had come to hear music. Such exposure can boost such groups' image back home. VOA’s Greg Flakus reports.
Video

Video Stockton Community, Police, Work to Improve Relations

Relations are tense between minority communities and police departments around the United States following police shootings that have generated widely-publicized protests. VOA's Mike O’Sullivan reports from Stockton, California, where police and community groups are working toward solutions, with backing from Washington.
Video

Video Indiana Controversy Highlights Divergent Meanings of Religious Freedom

Indiana’s state government has triggered a nationwide controversy by approving a law that critics say is aimed at allowing discrimination against gays and lesbians. The controversy stems from divergent notions of religious freedom in America. VOA's Jerome Socolovsky reports.
Video

Video Report: State of Black America a 'Tale of Two Nations'

The National Urban League has described this year's "State of Black America" report as a "tale of two nations." The group's annual report, released earlier this month (March), found that under an equality index African Americans had only 72% parity compared to whites in areas such as education, economics, health, social justice and civic engagement. It’s a gap that educators and students at Brooklyn’s Medgar Evers College are looking to close. VOA's Daniela Schrier reports from the school.
Video

Video Film Tells Story of Musicians in Mali Threatened by Jihadists

At this year's annual South by Southwest film and music festival in Austin, Texas, some musicians from Mali were on hand to promote a film about how their lives were upturned by jihadists who destroyed ancient treasures in the city of Timbuktu and prohibited anyone from playing music under threat of death. As VOA’s Greg Flakus reports from Austin, some are afraid to return to their hometowns even though the jihadists are no longer in control there.
Video

Video Ebola Vaccine Trials Underway in West Africa

Ebola has claimed the lives of more than 10,000 people in West Africa. Since last summer, researchers have rushed to get anti-Ebola vaccines into clinical trials. While it's too early to say that any of the potential vaccines work, some scientists say they are seeing strong results from some of the studies. VOA's Carol Pearson reports.
Video

Video Philippines Wants Tourists Spending Money at New Casinos

Tourism is a multi-billion dollar industry in the Philippines. Close to five million foreign visitors traveled there last year, perhaps lured by the country’s tropical beaches. But Jason Strother reports from Manila that the country hopes to entice more travelers to stay indoors and spend money inside new casinos.
Video

Video Civilian Casualties Push Men to Join Rebels in Ukraine

The continued fighting in eastern Ukraine and the shelling of civilian neighborhoods seem to be pushing more men to join the separatist fighters. Many of the new recruits are residents of Ukraine made bitter by new grievances, as well as old. VOA's Patrick Wells reports.
Video

Video Cambodian Land Grabs Threaten Traditional Communities

Indigenous communities in Cambodia's Ratanakiri province say the government’s economic land concession policy is taking away their land and traditional way of life, making many fear that their identity will soon be lost. Local authorities, though, have denied this is the case. VOA's Say Mony went to investigate and filed this report, narrated by Colin Lovett.

VOA Blogs

Circumventing Censorship

An Internet Primer for Healthy Web Habits

As surveillance and censoring technologies advance, so, too, do new tools for your computer or mobile device that help protect your privacy and break through Internet censorship.
More